Will JPM, C and Others Follow JEF and Post Solid Q3 IB Income?

After more than two years of drought, investment banking (IB) seems to have recovered. Investors got the first official glimpse at how the IB business has been playing out across the industry on Wednesday, Sept. 25, when Jefferies (JEF) announced its quarterly results. This global investment bank posted IB revenues of $949 million for the third quarter of fiscal 2024, which surged 47% year over year. This was driven by robust advisory and underwriting businesses.Now, we are waiting for results from other ma ...